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I have the correct answers just dont know how to work the problem Use the following information for questions 29-34. At Hodgson Corporation, direct materials
I have the correct answers just dont know how to work the problem
Use the following information for questions 29-34. At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: IP beginning (50% for conversion) nits started nits completed and transferred out 19,200 units 119,500 unit 115,700 unit 23,000 uni ending (60% for conversion) Beginning WIP direct materials inning WIP conversion costs osts of materials added osts of conversion added $32,000 $20,250 $384,100 $271,125 29) What are the total equivalent units for direct materials? A) 129,500 B) 134,900 C) 142,500 D) 138,700 30) What are the total equivalent units for conversion costs? A) 129,500 B) 138,700 C) 127.200 D) 125,300 31) What is the cost per equivalent unit for direct materials? A) $3.0 B) $3.21 C) $2.77 D) $3.08 32)What is the cost per equivalent unit for conversion costs? A)$2.32 B) $2.25 C) $2.10 D) $2.09 33) What is the total cost of units completed and transferred out? A)$562,639 (B) $607,425 C)$610,150 D) $627,375 34) What is the total cost of units remaining in ending WIP? A) $69,000 B) $92,586 C) $120,750 D) $100.0Step by Step Solution
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